Best Apps For Stock Trading

Stock trading can be a complicated and intimidating process, but it doesn’t have to be. The best stock trading apps make it easy for you to track market activity, buy and sell stocks, and manage your portfolio.

In the United States, the Securities and Exchange Commission (SEC) regulates the stock market. This means that anyone who wants to trade stocks has to follow certain rules set by regulators. While it’s possible to trade stocks without using an app, using one makes things easier on both traders and regulators alike because it helps ensure compliance with SEC regulations.

Best Apps For Stock Trading

The number of stock trading and robo-advisor options has continued to expand in recent years. While growing competition and innovation is great news for investors, it can be challenging to decide which platform best suits your goals. To help evaluate the best options in the industry, we’ve extensively researched these U.S.-based offerings to determine the top platforms for several categories.

The growth of investment apps has coincided with the evolution of user preferences, with a growing number of people opting to mainly manage their money through tablets or smartphones. Stock trading and robo-advisor platforms have embraced this transition by focusing on improving their mobile app experiences. Brokers’ desktop trading platforms have historically had more features and capabilities than mobile, but the experiences and functionality have increasingly become virtually interchangeable. This improved consistency between mobile and desktop provides investors with a more synchronized experience in terms of alerts, watchlists, and updates, while also improving the ease with which you manage your money and monitor your investment goals.
On Wednesday, January 26, 2022, Wealthfront announced that it has agreed to be acquired by one of the premier brands in wealth management, UBS, in a transaction valued at $1.4 billion.In a blog post on the company’s website, David Fortunato, Wealthfront’s Chief Executive Officer, alleviated an concerns on the part of current and prospective customers by stating, “You will see no change to your experience and can look forward to benefiting from UBS’s breadth of products, services, and intellectual capital. Rest assured that nothing will change with your account or the cost of our service. We will continue delivering great products and features to you, now at a much faster pace. And you’ll get access to even more research and insights that can empower you as an investor.”1
Best Investing Apps:
Wealthfront: Best Automated Investing App
TD Ameritrade: Best Self-Directed Trading App
TD Ameritrade: Best App for Beginners
Interactive Brokers: Best App for Active Traders
tastyworks: Best App for Options Traders
Wealthfront: Best Automated Investing App
Wealthfront
OPEN AN ACCOUNT
Account Minimum: $500
Fees: 0.25% for most accounts, no trading commission or fees for withdrawals, minimums, or transfers.
Read full review
Wealthfront delivers a powerful, digital-only investment experience that gives users access to comprehensive money management features through an elegant, sleek design. You’ll find the financial guidance, account aggregation, goal setting, investing, and banking options to be both user-friendly and seamless to navigate. Wealthfront’s Self-Driving Money allows you to further automate your finances by using a rules based approach to move money between your accounts while optimizing for your goals, putting even control of your financial journey right at your fingertips.

The mobile apps for Android and iOS platforms are both superb and are on par with the desktop experience in terms of features, functionality, and ease of navigation. It’s clear the app is thoughtfully designed with the intention to minimize unnecessary data inputs or typing, opting instead to leverage more user-friendly sliders, drop-down menus, and auto-fill functionality. You’ll still have to input user IDs and passwords when linking external accounts, but generally the workflows are intuitive and consistent. Overall, while E*trade’s Core Portfolio robo-advisor offering won our Best for Mobile Experience category, Wealthfront’s platform provides a polished, smart user experience with exposure to a significantly greater range of comprehensive money management tools.

Pros
Comprehensive financial planning tools

The digital-only financial guidance through Path is best in class

Thoughtful mobile experience designed to reduce errors and optimize functionality

Self-Driving money provides seamless financial management through your smartphone

Cons
External account syncing can be inconsistent

No discounts for larger balances

No human financial advisors

TD Ameritrade: Best Stock Trading App

OPEN AN ACCOUNT
Account Minimum: $0
Fees: Free stock, ETF, and per-leg options trading commissions. $0.65 per options contract.
Read full review
TD Ameritrade stands out for creating a mobile trading experience that can be more intuitive than the desktop version while maintaining a deep feature set. The mobile trading features are neatly organized into easy-to-understand functionalities and menus. This simple design incorporates watchlists, orders, managing positions, options, and chart customization. If you are using the TD Ameritrade app, the workflow is slimmed down to focus on what you need for buying and selling as well as monitoring the overall portfolio. With thinkorswim, however, the workflow mimics the downloadable platform and allows you to customize charts, analyze positions, and much more.

Regardless of which app you use, you’ll find that TD Ameritrade’s mobile experience has all the accessories needed to manage your money on the go. The apps provide a dynamic and powerful alternative to the full desktop versions. While thinkorswim users will still gravitate to the desktop version whenever possible, the TD Ameritrade app can serve its users as the primary trading platform.

Pros
Expertly designed mobile apps that are more streamlined than desktop versions

Choice between two apps appeals to users of all backgrounds

Charts, updates, and customizations fluidly sync between mobile and desktop platforms

Extensive investment selections and trading functionality

Cons
Drawing on charts is only available through thinkorswim mobile

TD Ameritrade doesn’t offer fractional share trading

Some tools are only available on one platform, creating a challenge for hybrid users

TD Ameritrade: Best App for Beginners

OPEN AN ACCOUNT
Account Minimum: $0
Fees: Free stock, ETF, and per-leg options trading commissions. $0.65 per options contract.
Read full review
TD Ameritrade also wins our best app for beginners category, boasting a clear educational focus that empowers users to better understand the market and investing. TD Ameritrade supports a range of educational offerings that match investors of all backgrounds. That said, accessing TD Ameritrade’s education through the app isn’t as full featured as going through the website. The educational angle has been slimmed down to put more focus on investing on the go rather than learning about investing on the go. Even this slimmed down educational experience is much more comprehensive than the competition, however, as TD Ameritrade is pulling from one of the deepest libraries of content around.

Investors can start with TD Ameritrade without committing to the platform by trading via a paper account, a helpful feature for investors to understand how the market behaves without risking capital. For paper trading on mobile, you have to use the thinkorswim mobile app. This is a great feature for aspiring traders to test out, but it can be intimidating if you are just looking to do basic investing. Overall, however, you will find that the mobile experience gives a comprehensive feel without being overpowering, allowing you to choose features that match your capabilities. This allows for a gentler introduction to investing and makes TD Ameritrade an excellent choice for beginner investors.

Pros
Mobile app is designed with ease of use and education in mind

Wide-ranging educational tools to empower investor knowledge

Blend of trading platforms and investment options for variety of users

Extensive learning pathways covering the basics to advanced investing strategies

Cons
No fractional share trading

Low interest on uninvested cash

Interactive Brokers: Best App for Active Traders

OPEN AN ACCOUNT
Account Minimum: $0
Fees: Maximum $0.005 per share for Pro platform or 1% of trade value, $0 for IBKR Lite
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While TD Ameritrade has the best app for self-directed trading, Interactive Brokers (IBKR) edges out the competition for our best app for active traders category. Sophisticated traders will find an immediate fit as the mobile experience carries over all the core features from the desktop Traders Workstation (TWS) functionality, which is one of the most comprehensive trading platforms in existence. Users will also have access to every available asset class, including cryptocurrency for direct coin trading, to go alongside unmatched research, analysis, and strategy tools.

The overall mobile experience generally flows smoothly for experienced traders who already know TWS. The mobile app provides synchronized functionality with watchlists created on the app also being visible on the desktop offering. While the core features of the IBKR app maintains nearly all the functionality of the desktop version, there are some reasonable constraints given the depth and breadth of the full TWS platform. The desktop option has a lot more options for analysis and trading strategies. Despite these constraints, the Interactive Brokers app stands above the rest as the top option for active traders because of the range of assets and markets it puts into your hands.
Pros
Mobile experience successfully mimics core functionality of the comprehensive desktop version

App stock screeners and option strategies matches web offering

Mobile charts are detailed, intuitive, and provide useful indicators

Outstanding order execution processing

Attractive, low margin interest rates

Cons
No fixed income screener on mobile

Expansive platform capabilities may have a learning curve

Real-time data streams on only one platform at a time, limiting investors who use multiple devices simultaneously

tastyworks: Best App for Options Traders

OPEN AN ACCOUNT
Account Minimum: $0
Fees: $0.00 stock trades, $1.00 to open options trades $0.00 to close
Read full review
Tastyworks specializes in options trading with a focus on intuitive tools, education, and seamless design. This relentless focus on options trading—and nothing but—has tastyworks taking our top spot in the best app for options traders category. The workflow is built with seamless options order management in mind, which results in an effective and quick trading experience. The mobile app has order types, asset classes, and quote streaming capabilities that mirror the desktop version.

While tastyworks’ option workflow optimization makes it stand out in this category, there are some notable mobile constraints such as a lack of news, research, and drawing tools. Graphs on mobile devices also cannot be rotated horizontally, which is the biggest drawback of the mobile platform. Simply put, tastyworks is a great broker for options traders and the majority of those traders will be using the desktop whenever possible. That said, the tastyworks mobile app is singularly focused on options trading, whereas other brokerage mobile apps have to balance options features against more heavily used asset classes. This means tastyworks’ mobile app is stripped down by comparison, but still gets the job done for options traders when they are away from the desktop version.
Pros
Mobile user flow is optimized for full options trading

Drag and drop feature for options legs

Outstanding blend of tools and pricing compared to competition

Excellent library of educational content and tools

Cons
Account opening isn’t supported on mobile devices

Price alerts and order notifications aren’t available

Heavy options traders won’t find the mobile experience a suitable desktop replacement

App isn’t optimized for trading anything outside of options

Compare the Best Investment Apps
Company Fees Account Minimum Mobile App
Wealthfront 0.25% for most accounts, no trading commission or fees for withdrawals, minimums, or transfers. $500 Android, iOS
TD Ameritrade Free stock, ETF, and per-leg options trading commissions. $0.65 per options contract. $0 Android, iOS
Interactive Brokers Maximum $0.005 per share for Pro platform up to 1% of trade value, $0 for IBKR Lite $0 Android, iOS
tastyworks $0.00 stock trades, starting at $1.00 to open options trades $0.00 to close $0 Android, iOS
How to Pick a Broker That’s Right for You
The Evolution of Investing Apps
The rapid advancement of technology has benefited investors by providing more market knowledge, transparency, and investment options than ever before. Originally this technological transformation was more keenly felt on desktop trading experiences. However, with more investors opting to use mobile devices, brokers have focused on improving these experiences as well. As a result, many app and desktop experiences are very close to parity in terms of functionality, ease of use, and synchronization. It is fast becoming industry standard to provide the same investment functionalities across all trading platforms.

That said, more sophisticated investors and active market participants like traders will likely never feel completely comfortable moving to mobile only experiences. There are physical limitations to mobile screen size that will frustrate chart enthusiasts and many of the heavier features and tools on trading platforms are still often missing or watered down on the mobile versions. Heavy traders, in particular, tend to prefer the higher level of customization that can really only be done on a desktop platform. For average investors, however, the choice between using mobile or desktop investment platform versions is now mostly a matter of preference. Investors looking to buy-and-hold or trade intermittently throughout the year can now do so entirely on mobile apps without missing much of significance if they never use their broker’s desktop platform. The speed at which the market went from trading by phone to trading by computer to trading by smartphone has been truly remarkable.
Desktop vs. Mobile Experiences
Desktop trading platforms still have a strong customer base because of the superior trading experience they provide. Thanks to the growth of app-only retail investors, however, brokers can’t focus solely on the desktop experience. Mobile-first and mobile-only brokerages already exist, and established brokers are having to simultaneously develop their desktop and mobile platforms to keep up.

To do this, many brokerages have changed their product approach to focus on creating a consistent experience across multiple devices. This means you can usually find similar workflows and key tools regardless of which platform you are on. This comes with a trader-specific caveat, as many desktop platforms intended for active traders have to cut out a lot more when transitioning to mobile when compared to brokerages with platforms aimed at average investors.

The extent of this feature reduction has been lessened as the smartphone technology running these trading apps has improved, however, and more brokers are aligning and synchronizing key features across both the mobile and desktop workflows such as analysis, research, screening tools, money movement, and charting. More recently, complex trading strategies originally reserved for desktop experiences like multi-leg options trades and contingent orders have been enabled on apps as well.

What are the advantages of using an investing app to trade stocks?
The key advantage of using an investing app to trade stocks is accessibility. Investing apps have leveraged rapid mobile technological advancements to make it easier than ever to invest and trade stocks. Like most people now, you probably carry your mobile device with you all the time, allowing you to react to market movements and monitor your investments in places where it just wasn’t practical before. The convenience of mobile trading has also made the market more accessible to users of all backgrounds, interests, and experience levels. You don’t need a trading terminal with four monitors anymore. Increased competition among brokers and innovation in the form of new apps and platforms has reduced barriers to entry such as cost and education. With a supercomputer in your pocket, you have access to the same real-time market data on the go and can trade accordingly.

What are the disadvantages of using an investing app to trade stocks?
While investment apps are moving closer to full feature parity with the desktop versions, there are still some functionality gaps that impact certain types of investors. The gaps vary by investment platform and investor preferences, but generally you can expect there to be some product differences between desktop and mobile trade experiences in terms of the charting and analysis tools. Some investing apps also omit asset types or market exchanges that are available through the desktop version. Another disadvantage to app-based trading is the size limitations on mobile devices compared to full computer monitors. These factors tend to affect active traders the most, but they can be a downside for any investor depending on your preferences and trading strategies.

Another issue that has often been tied back to mobile investing apps is the gamification of finance and overtrading. Having constant access to your portfolio throughout the day, and possibly being nudged to look at it by badges and alerts, can push an investor to pay too much attention to day-to-day market noise. Active traders, of course, live for market fluctuations, but longer-term investors are often hurt when they act on short-term market moves. Gamification is a related issue where some investing apps are designed to nudge users to be active on a daily basis through in app awards and recognition. Again, this is fine if you are looking to be an active investor, but it’s a negative if that is not your goal.

Is there any other advice you’d offer someone who is considering using a stock trading app?
App-based trading gives you access to financial markets right at your fingertips, wherever you are located. When considering investing through a mobile app it’s helpful to identify your goals, preferences, and investment strategy. Being aware of your personal investment experience and educational opportunities can also help match you to the right trading platform. It is also important to evaluate the broker as a whole, rather than just by the mobile app. A slick app can’t make up for the impact of higher than average fees and poor execution, for example.

As you decide between different apps, you may find some platforms provide paper based accounts to experiment without risking your personal capital. Testing out more than one app-based investment offering can also give you more insight so as to properly compare and contrast features that match your preferences. All these factors can help determine which app will be the right fit for you.

Methodology
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of months of evaluating all aspects of an online broker’s platform, including the user experience, the quality of trade executions, the products available on its platforms, costs and fees, security, the mobile experience and customer service. We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star-scoring system.

Read our full methodology.

Learn the Basics of Trading and Investing
Looking to learn more about trading and investing? No matter your learning style, there are more than enough courses to get you started. With Udemy, you’ll be able to choose courses taught by real-world experts and learn at your own pace, with lifetime access on mobile and desktop. You’ll also be able to master the basics of day trading, option spreads, and more. Find out more about Udemy and get started today.

best stock trading app australia

Long gone are the days when you had to sit by the phone for hours to trade stocks during opening hours.

Thanks to stock trading apps, traders can access the market at any time from anywhere, buying, selling, and trading with the push of a button.

While trading apps are there to make life easy, not all of there are created equal. We did some digging online to find the best stock trading apps for Australians.

Table of Contents:

8 Best Stock Trading Apps
Guide to Mobile Trading
How to Choose an Online Broker
The Benefits of Research: Why and How To
The Cost of Trading Stocks: What you Need to Know
How to Trade your First Stock with a Trading App: Step by Step
Creating Trading Strategies
Pros and Cons of Mobile Trading Apps
Trading Tips for Aussies
What are Mobile Stock Trading Apps
Best Trading App Features
How We Rate Stock Investing Apps
8 Best Stock Trading Apps in Australia
Trading Application
When you’re looking for an app to get started, look no further than these top 8.

We’ll tell you why we picked them and go over the things we looked for when creating our list. Skim over the details and use them to choose your preferred broker with a trading app to help take your trading to the next level.

1. eToro – Best Stock Trading App for Beginners (0% Commission)
   eToro has a solid rep that comes from its easy-to-use platform and essential features. It’s the perfect stock trading app for rookies, filled with tons of educational resources.

etoro Logo
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eToro Service ARSN 637 489 466 Capital at risk. See PDS

Though it’s great for rookies, seasoned traders will have all they need to execute trades, including analysis tools to get an in-depth look at the market to decide which trades have the most potential.

Pros:
Zero Brokerage. There is never a brokerage fee (applies only on real stocks) to worry about.
Shares
Fully Regulated by the FCA, ASIC & CySEC.
Trusted by 13+ million clients internationally.
Cons:
Riskier Markets. With more markets to choose from, traders will have to deal with more risk. While more risk usually means a bigger return, it requires careful attention and certainty to avoid losses.
Key App Features:
Social Crowd Sharing
Perhaps the most popular feature that traders score from using the trading app from eToro is a little thing called crowd sharing. Traders of all levels can use this feature to take a peek at what other traders are doing, taking their pick of those who are highly successful.

Not only can traders observe a trader’s every move, but they can also set up their account for copy trading, which will have them making the same moves the pros do to amp up their trading success.

In-Depth Analysis
Opening up the trading app gives traders access to a slew of information. Not only can they check out the latest market news but take a look at real-time data. The app offers each trader a chance to configure their homepage, accessing the charts and other analysis tools that they need to make better trades.

Configurable Alerts
Not everyone has time in the day to stay glued to their phone to check out the latest trends. With the help of automated tools and advanced software, traders can opt for notifications for things like price drops, breaking news, and news about any stock that’s on their watchlist.

All of this is useful information that can come in handy if you’re constantly on the go but want to keep in on the action.

Read our full eToro review for further details.

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eToro Service ARSN 637 489 466 promoted by
eToro AUS Capital Limited ACN 612 791 803 AFSL 491139.
Capital at risk. Other fees apply. See PDS

2. Best Feature-Packed Stock Trading App – Plus500
   Since Plus500 hit the scene in 2008, they have been a big name in online trading. Their website is simple to use and optimized for mobile use, making it a preferred choice among many traders.

Opening an account is quick and easy and browsing through all of their markets is made simple. Plus, when it comes to picking stocks, the long list of Plus500 analysis tools comes in to save the day.

Plus500 logo
Visit Plus500
Pros:
Easy to use platform. No matter what your level of trading or technology is, the platform is simple to use. Browse through and find all you need without any hassle.
Simple account opening. There is no complicated process here. Instead, users can create an account and be ready to make their first trade in no time.
Great customer care. You won’t have trouble getting ahold of someone and, whenever a question comes up, you can find the answer to it any time day or night.
Cons:
Limited markets. Compared to some of the other choices online, Plus500 is a little limited.
Research tools could use an upgrade. Not that they are not good, there are just so many great ones on the web.
Average fees. When comparing to others sites, you’ll find that Plus500 falls right in the middle when it comes to fees.
Key App Features:
Sleek Design
If there is one thing we love about this app, it’s the design. Everything is nice and organized and seems to blend together perfectly. Instead of figuring out how to navigate the app, users can log in and start using it in no time, finding all they need at the click of a button.

Advanced Security
Not only is the site equipped with SSL certification but also gives users options for two-factor authentications. Using an additional layer of security, users will have to log in to the app and provide an additional credential, whether it’s via cell phone, email, or social media login.

Market Orders
The app is not just about browsing and checking stocks. Users can also place orders, including advanced order types like Guaranteed Stop, Market, Limit, and Trailing Stop. All of these work together to help users secure their investments and make the most out of their time in the market.

All of these are lifesavers, allowing users to set up their account and trades to keep their finances secure.

Read our Plus500 review for further information.

Full disclaimer: “77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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3. AvaTrade
   Just looking at AvaTrade’s website is going to make a well-learned stock trader excited. What stock traders look for is not always something that is easy to use or cleanly organized.

No, sometimes they want a hot mess that presents them with more options than the retail investor knows how to us.

AvaTrade logo
Visit AvaTrade
That is exactly what AvaTrade is: A feature-heavy platform good for employing any strategy.

Pros
Highly Versatile
Trades in all manner of securities
Access to tons of markets
Cons
Hard to navigate its site, app, and knowledgebase
Fees for inactive accounts
What makes AvaTrade stand out is its versatility. It trades in basically every form of security, from options, to forex, to cryptocurrency, and allows you to use every tool you can think of to trade it.

It has information on how these things work, tutorials on how to work them, and analytics to show when the right time is to use one over the other. Basically, the only thing that it does not do for the professional traders that use it is get them coffee in the morning. Of course, that can be an issue.

Staring at AvaTrade’s walls of text describing the difference between a “straddle” and a “butterfly”, your experience with it is just as likely going to be resignation as euphoria.

That is, unless you know what you are doing.

If you know what to look for, AvaTrade will serve you well. But if you are just starting out in retail investment, then you are going to have to adjust to having the whole world at your fingertips.

Luckily, AvaTrade rewards experimentation. The lack of brokerage fees and access to tons of different platforms both mean that you get to trade at your own pace without being punished.

Just be sure to cancel your account if you feel it is not right for you, otherwise you may get saddled with fees for having an inactive account.

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4. CMC Markets Invest
   It should come as no surprise to experienced traders that CMC Markets has made it onto our list. The app is just like the online trading platform, though it’s quicker to navigate and more interactive.

With the CMC Markets Invest trading app, Aussies can buy, share, and trade both locally and internationally.

cmc Markets logo
Visit CMC Markets
There is no order type that is off-limits, and the app allows traders to do all the research necessary to better choices about trades.

The app is an all-in-one interactive experience that allows traders to really get into trading. Traders can access the latest news and even score access to commentary from some of today’s most pro-market analysts.

Pros:
Low Fees. There are no brokerage fees and zero charges on commissions to trade stocks in some of the biggest global markets.
Variety. The CMC Markets Invest app allows traders to execute any order type under the sun.
Resources. From analysis tools to pro analysts, this app allows traders access to a ton of resources.
Automation. From watching particular stocks to setting buy and sell prices, traders can automate their accounts to get the most out of their trading experience.
Cons:
Limited. Compared to other stock trading apps out there, CMC is not the most global. There are only four global markets available that are without commissions, with a few others starting off at $11 per trade.
Key App Features:
Conditional Sell Orders
When you’re not there to see what’s happening in the market minute by minute, there’s a lot that you can miss out on. To help keep you in the loop and secure your investments, CMC Markets offers conditional sell orders, which will buy or sell your shares when they hit a target price. Set them up and let the mobile trading app take care of the rest.

Real-Time Info
At any time if you’re curious about your portfolio, there is a way that you can log in and check it out with help from real-time market info. CMC Markets keeps a close watch on your portfolio, helping you decide when to make moves and when to hold back. Browse your investments and decide when you want to make moves anytime from anywhere.

Usability
The app has all of the same options as the desktop web page. The webpage has a ton of things to do, which could get crowded without a mindful app layout. Luckily, the app is highly organized and allows traders to navigate with ease.

Find things quickly with the homepage search bar or scroll down and access all the key options you need including adding and withdrawing funds and executing buys and sells.

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5. IG Trading
   IG Trading isn’t like other brokers. They realize that different devices work a bit differently, tweaking each of their apps to work with today’s technologies.

Find an app specifically for iPhone, Android, Windows, and more, getting the best possible experience with the device that you have.

logo-ig-markets
Visit IG
Options to download demos and get a feel for using the app before you dive in headfirst are there, creating a full-on immersive learning experience for traders of all levels.

Pros:
It’s Free. The download is 100% free and includes an interactive demo to start.
Global Stocks. Not only does the IG Trading app offer access to global stocks but, they do it without tacking on extra fees. Pay $0 in trade commissions no matter where you trade.
Native. No matter what device you rely on for your mobile connection, there is an optimized app for you.
Cons:
Not for Rookies. For those that plan to trade here in there, IG Trading is probably not the best option. It’s best for active traders that are ready to dive in and start trading.
Key App Features:
Truly Native App
A lot of apps these days work well with a few systems and not so well with others. It can be difficult to make an app that fits all configurations, which is why IG Trading decided to cater to all systems. Whether you’re an iOS user or an Android user (the battel continues!) there is a specific configuration for you.

The native app works perfectly with all environments to adjust to every user.

Frequent Tweaks
Apps update but, the more often they do, the safer and more useable it is. IG Trading is always going back to the drawing board, making tweaks to improve security and add new features. Security is an important feature that all trading platforms should practice, adding an extra layer to help reduce the chances of a cyberattack.

Free Trial
Don’t you like to try things before you buy? Well, with IG Trading, you can! Get a chance to get a feel for the app before you signup and create an account, trying it out for size. You won’t have to deposit to check it out, simply heading adding it to your preferred mobile device and taking it for a spin.

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6. Superhero
   The Superhero mobile trading app comes with zero monthly fees and no brokerage fees. It won’t cost traders anything to browse markets, buy, or trade.

Traders won’t need a ton of money to start investing, with some markets accepting trades as low as $100.

Superhero logo
Visit Superhero
The app is interactive and filled with educational tools that can help traders take their skills up a few notches.

Pros:
Flat Fees. While there are brokerage fees, they never go over $5 for ASK shares. Traders can score $0 EFTs and US Stocks too.
Low Minimum Fee. Traders can get into most markets with just $100.
User Friendly. From the website to the app, traders will have access to tons of educational resources that they can use to help them make better trades no matter what their level is.
Real-Time Data. To stay in the know, traders can score access to real-time data, seeing how the market is really playing out. Using this data, traders can buy and trade more mindfully.
Cons:
Lacking Features. When it comes to features, many other trading apps leave them behind.
Not Global. Besides access to shares from Australia and the US, traders won’t really find anything else.
Key App Features:
No Monthly Fee
Trading platforms can charge monthly fees if their fee structure allows, which takes profits out of users’ pockets. While there are not too many truly free or low-cost trading platforms on the web, Superhero is one of them.

They don’t charge users fees to keep their account open and they keep their brokerage fees flat. They help traders keep more money in their pockets so that they can get back to the stuff that matters.

Watchlists
Apart from a look at charts and news, the Superhero app allows traders to create watchlists, which they can customize to find the stocks that they’re interested in. when stocks drop to a certain value or when they go up, it’s good to know so that traders can make more decisions to buy or trade.

On top of watchlists, traders can set up alerts too, notifying them if there is something that deserves their immediate attention.

Flat Brokerage Fees
Brokers have to make their money somehow. Still, some tack on fees to things like interest or other things to keep fees for frequent traders lower. Superhero does that, attempting to offer traders an incentive to trade when they want to without worrying about dipping too far below their budget. It costs just $5 flat, and some trades will cost traders nothing at all (like ETFs!).

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7. SelfWealth
   SelfWealth is free to use and charges just one flat fee of $9.50 for all trades. The app comes with access to all kinds of markets and is optimized to work with all kinds of mobile systems.

SelfWealth logo
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There is never an inactivity fee and there are options to sneak a peek at portfolios from some of the most successful traders while you learn the ropes.

Pros:
No Extra Fees. While you’ll find brokerage fees, there are no fees charged for the inactivity or subscriptions.
No Minimum. You can open your account with whatever you have and can keep your balance as high (or as low) as you want it.
Tools. Check out what some of the top traders are doing by taking a look at their portfolios for inspiration.
Cons:
Limited Global Markets. SelfWealth only comes with access to US and Australian markets.
Key App Features:
No Charges for Inactivity
Some accounts out there are not the best for investors, charging once there is no activity. While some accounts start to charge when inactivity extends past a year, others tack on an inactivity fee in as little as one month.

SelfWealth doesn’t do that, allows traders to jump in and make trades when they want to or settle on shares and hold on for a while. Not all traders that choose a trading app want to constantly keep trading, benefiting from accounts that won’t charge them for it.

Portfolio Analysis
Market analysis tools are just one of the types of tools that SelfWealth offers. In addition to that, there are portfolio analysis tools that will take a look at an investor’s portfolio and grade it based on its health. A look at the overall value and the value of individual assets is what traders will find, and it’s all accessible from the mobile app.

Interactive Trading
Trading on a desktop is fun, but there is nothing quite like trading with a mobile device. For starters, traders actually get to swipe, tap, and double-click their way through trades, really getting into it. SelfWealth’s mobile app is designed with ease in mind, where traders can navigate, buy, sell, trade, and learn with the click of a few buttons.

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8. Stake
   If you’re looking for US and Australian shares, Stake is a great trading app. You won’t pay brokerage fees and you can kiss other fees goodbye while you’re at it.

Stake logo
Visit Stake
The platform is simple, interactive, and visually pleasing, allowing you to browse the market, learn, and trade at the click of a button.

Pros:
Zero Fees. You won’t pay for brokerage or for not remaining active often.
Simple. This app is great for beginners.
Tons of Markets. Browse more than 3000 stocks from both the US, binaries and EFTs.
Cons:
Limited Markets. While this app is great for the US and Australia, it’s not the best for global options.
Limited Features. While you’ll find some tools, you won’t find as many when comparing them to other trading apps.
Key App Features:
Asset Options
With Stake, Australians have access to all kinds of assets. Not only do they have tons of options within ASX, but they also offer access to top Forex accounts, some of which feature the most brag-worthy stocks like top social media platforms, top tech companies, and even telecommunications.

From domestic stocks to crypto to purchasing within the NYSE, traders have options to do it all from one place.

Zero Brokerage Fees
Even with all of the options to choose from, Stake doesn’t get greedy and starts to rack up the charges. Instead, they make sure to keep them at a minimum, charging mostly nothing for brokerage across the board. ETFs and other US stocks are tradable without brokerage fees, allowing investors to keep more in their pocket and spend less.

No-Hassle In-Depth Analysis
For details about the market that affect your ability to trade, you don’t want just any form of analysis. Stake comes with in-depth analysis that traders can access right from their mobile phones. Simply tapping the icon will bring up the home dashboard which shows how shares are doing along with suggestions on how to maximize trading days and use investments to the fullest.

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Guide to Mobile Trading
Getting started trading with mobile apps is simple, though there are a few things you should know before you dive in. Whether you’re a seasoned investor or just starting to embark on your journey, you’re sure to find useful information here that will help you take off and start trading in no time.

How to Choose an Online Broker
Stock Market Broker
When it comes to choosing solid trading options in Australia, there are a few key things that traders should look for. When choosing our list of the 6 best stock trading apps, this is what we looked for in the brokers that provided them.

The Cost 💰️
We’re not just talking about what they advertise. Take a second to read the fine print and really get in the know of what trades will cost you. A lot of brokers out there tack on costs that you might not be aware of if you’re just browsing around. Some examples out there are cost per trade, inactivity fees, and even deposit and withdrawal fees.

All of these things add up and could result in less return on your investments. Don’t wait until you get hit with fees to figure it out, and make sure that you understand the fee structure before you sign up with any broker.

Customer Care 📠️
The last thing you want when you run into trouble is a lack of customer care. We made sure that our guys have customer service that cares, and that is actually there.

Some brokers do a great job of making their contact info visible. Others will send members on a scavenger hunt to find useful information. We like to see brokers that encourage members to contact them for questions or doubts, adding more than one way to get ahold of them. Look for brokers that offer:

A phone number
An email address
A chatbot
A list of FAQs and answers
A forum with user interaction
The Platform 🖥️
When everything checks out on the safety end, traders can start looking for preferences, including the platform and the app. If it’s fun to use, you’ll be more apt to feel comfortable using it for buying, trading, and selling.

That’s why we check out the broker’s platform, taking a tour around all of the most used areas. Included on that list are charting and market analysis areas, buying and selling areas, and areas where you can process deposits and withdrawals. The market moves fast, and so should your broker, able to keep up with all of the swift changes that come about during a trading day.

The Benefits of Research: Why and How To
Finding a broker that fits your financial needs and goals is one of the most important parts of trading. A close second is researching the market finding out which ones to buy into and which assets to choose.

Choosing a market and the options within them for investing and trading is difficult and takes time to understand how to do like the pros.

One of the simplest markets for trading is known as ETFs, which also come with lower risk in most cases. ETFs feature assets that are bundled together, which can help new and seasoned investors buy into something with more confidence.

ETFs are not the only stocks out there that are great for investors of all levels, as it just depends on what is happening in the market and across the globe.

Research is the best thing that traders can do, getting them prepared for what the market is going to do and how they can invest in it to turn a profit. Research shouldn’t just cover one or two stocks but, should expand across the market and other markets that are sure to affect it.

All traders and investors are encouraged to keep up with the latest news and keep a close watch on what stocks are doing before they decide to buy, sell, or trade, to get the best out of their invested amount.

Though you might want to refrain from diversifying as a new trader, seasoned investors can take steps to grow their portfolio with the help of research, making one that works for them and their financial goals.

The Cost of Trading Stocks: What you Need to Know
A lot of traders start to dream big before their first trade. They look at the amount they have to invest and take a look at a company that is on the rise and start to imagine what the positive slope could mean for their pockets.

While that’s not a bad place to start, it’s always good to factor in costs and really find out how much it is to trade.

Consider Expenses
Brokers have expenses weaved into their services in one way or another, each way having something that could affect a trader’s overall revenue. Thanks to the internet, there are brokers of all kinds out there that do not charge a brokerage fee, allowing traders to log in and start trading without having to worry about fees.

Still, that doesn’t mean that investors will get off scot-free if they trade, as ETFs and mutual funds come with a little thing known as expense ratios.

The group of assets within an ETF are managed by a person that is paid a percent annually. That percentage is paid by all investors, sometimes adding up to 0.1% of investments. To put that into perspective, that could mean that, for every $1000 you have invested, you’ll have to pay $1.00 in expenses each year. While on this scale it doesn’t seem like much, it can definitely add up.

Consider Risk Too
It’s not always fun to think about the risks but, it could be the thing that saves the day when investing and trading. Losses do happen and, in most cases, investors are not prepared in the slightest. A good way to start treating risk is to take a step back and think about what would happen if the asset all of a sudden dropped 50% of its value.

What would your next step be? Would you buy, sell, trade, stay? All of these are key questions to determining what your next moves will be. If you said to buy more, you have a higher tolerance for risk, looking at it as a way to buy low and make your lost investments back when the market kicks back up.

Of course, high-risk tolerance is more doable for someone that has a solid set of funds to fall back on. Those without emergency funds that they can dip into might need to act more conservatively overall and really make a plan for the worst. If the market drops, think of what your next moves will be and plan your investments from there.

Trading and Taxes
Another thing that a lot of investors fail to consider is their taxes. Taxes are an important thing to consider, and they can put a damper on the value of your investments if you’re not careful. In most cases, Aussies will have to pay taxes on the profits they make on their investments, something that is referred to as capital gains tax.

One of the main reasons for this tax structure is that it encourages investors to buy and hold onto stocks long term, cutting down the taxes for money that’s invested vs. money that’s sold and traded.

The amount of taxes will go up if your investment turns a profit and will go down if you wind up losing value, making it something all investors should keep track of while trading.

For those that are into trading and looking for ways to decrease the amount of taxes they will have to pay at the end of the year, it’s a good idea to start taking a look into alternate accounts that can offset brokerage accounts. There are many options of this sort, all of which could work to help maximize profits and reduce the amount of taxes paid on investments every year.

Conclusion

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